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1 bedroom apartment for sale

Thailand

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Full description:

Venio Sukhumvit 10 is the ideal project for investors who want a brand new property in the heart of the CBD without the large price tag that is typically attributed to new build properties.

Built by Bangkok's leading PLC developer, Venio Sukhumvit 10 is a boutique low-rise development in the heart of Bangkok's CBD and one of the most popular positions on Sukhumvit Road. Located on Sukhumvit Soi 10, BTS Nana is 650m away from the residence and BTS Asoke is 750m. Asoke and Nana together are a prime business and leisure district hosting many hotels, offices, shopping centres (including Terminal 21) and the area is famed for the surrounding nightlife. It should also be noted that nearby are Chuvit Garden and Benjakiti Park which is practically on your doorstep, just 150m from this residence. A popular place for residents to unwind, exercise or bicycle around Lake Ratchada.

Venio Sukhumvit 10 is eight floors high with a basement car park. Communal facilities are located on the ground floor and rooftop. This exclusive residence houses a small total of just 162 units. The project features a tranquil swimming pool with a sunbathing deck on the ground floor with an overlooking fitness centre. Good use is made of the rooftop where the space is utilised as a large garden, a perfect place for relaxation and privacy.

Units available at Venio Sukhumvit 10 include Studio and 1 Bedroom types.

Compared to other key Asian cities such as Hong Kong, Singapore, Tokyo, Shanghai, Beijing or Kuala Lumpur, prices in Bangkok are currently very low 每 with an average price of just $5,000/m2. This compares favourably to Beijing at $9,500/m2, Singapore at $24,500 and Hong Kong at $31,000/m2. However, such is the strength of the market in Bangkok that prices are guaranteed to not stay this low for much longer. In year to the end of March 2013, prices of condominiums in Bangkok rose by a remarkable 9.39%, making Bangkok one of the fastest-increasing markets in South East Asia.

Due to the country＊s fast economic growth, forecasters predict that the property boom in Bangkok is still at the beginning as the economy continues to increase at levels faster than neighbouring countries, with the country＊s GDP increasing by 6.44% in 2012. This means that the economy in Thailand is developing at a faster rate than any other country in Asia apart from China and the Philippines. Described by the World Bank as ※one of the greatest development success stories§ for its progress in social and economic development, the country remains on an upward trajectory.

The constantly improving economy has led to the rapid increase of the middle class in Thailand, who are spending their new-found wealth in upgrading their accommodation. This, in turn, has led to the fast increases in prices for condominiums, especially those located in prime positions within the city centre, where few good building plots remain.

The expansion of Bangkok＊s Skytrain network is fueling the city＊s real estate boom.
The expansion of Bangkok＊s Skytrain network is fueling the city＊s real estate boom.
The upwards trajectory of Bangkok＊s property prices are set to increase still further when the ASEAN Economic Community which offers tariff-free trade and visa-free travel between all member countries comes into effect at the end of 2015. Due to Thailand＊s position right in the centre of the ASEAN region 每 at its very crossroads 每 Thailand is expected to benefit more from the introduction of the new trading zone than most of the other member nations.

Much of the activity in the real estate market is centred around developments located within easy reach of stations on Bangkok＊s mass transit system, which now makes it easy to navigate the often heavily-congested streets of Thailand＊s capital city. The network, which comprises the underground, Skytrain, bus and rail networks, is seeing massive expansion over the next few years with the number of lines increasing from eight to 15. As new stations are announced, so new areas of the city become attractive areas to live.

According to research published by Global Property Guide in April 2013, rental yields in Bangkok range from 3.97% to 7.41%. This makes Bangkok the third best-performing capital city in East Asia after Manila and Jakarta 每 another sign that there is still plenty of capital appreciation left in the market for condominiums.

The rental yields from medium-sized apartments are also good. An 80m2 apartment earns moderate to good rental yields at 6.86%, higher than 2011∩s figure of 6.60%. The same can be said about 120m2 apartments, where rental yields have increased to 6.53% from 6.49% the previous year.

Currently foreign buyers make up a relatively small proportion of the total market for condominiums in Bangkok, but this situation is changing fast as well-informed investors realize that there is little growth left in most of the key Asian cities and begin to look further afield to see good returns on their investments.

A Perfect Location for a Second Home

Bangkok attracts not only investors 每 it also attracts foreigners looking for a second home in a vibrant and affordable city, in a country which is well-known for the warm welcome by the country＊s friendly and hospitable people. That＊s the reason why Thailand is known around the world as ＆The Land of Smiles＊!

Bangkok's shopping malls, climate, cuisine and nightlife make it a Mecca for tourists.
Bangkok＊s shopping malls, climate, cuisine and nightlife make it a Mecca for tourists.
The city is now a highly cosmopolitan one which welcomes visitors from all over the globe. Visitors are attracted not only by the legendary Thai hospitality, but also its world-famous cuisine, year-round warm and pleasant tropical climate, thrilling nightlife opportunities, low-cost shopping in the city＊s many large, modern shopping malls and beautiful temples and other tourist attractions. English is widely spoken in the city and Bangkok also has a sizable Thai-Chinese population.

With its modern Suvarnabhumi International Airport, Bangkok has become one of Asia＊s main transport hubs. In fact, a recent survey conducted by MasterCard found Bangkok International to have recently overtaken London＊s Heathrow as the world＊s busiest international airport. Tourist numbers to the city are increasing rapidly 每 visitor numbers were up 18.6% year-on-year in the first quarter of 2013. Much of this increase came from China, where over 2 million tourists arrived in the first half of 2013 alone, an increase of 95.06% over the same period in 2012. Chinese visitors are now by far the most numerous visitors to Thailand, accounting for 21% of all international arrivals.

There are also increasing visitor numbers to the city from the Gulf area. The Abu Dhabi to Bangkok route is Etihad＊s busiest, having transported 700,000 passengers to the city in 2012. The airline is now adding a sixth flight per day to the city in order to cope with the constantly increasing demand. The new high-speed rail link to the airport makes it possible to reach the centre of Bangkok from Suvarnabhumi in under thirty minutes.

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So, whether you are looking for an affordable second home in an exciting and pleasant city to live or an investment which provides a good steady rental income combined with some of the fastest capital growth that you can find anywhere in the world currently, Bangkok is an ideal choice.

Disclaimer

This is a property advertisement provided and maintained by
Bangkok Thai Real Estate Co. Ltd, Pattaya
(reference 99e583d9-9ddd-4ae8-8a83-5d60cd2e79f2) and does not constitute property particulars. Whilst we require
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